Unless this watch brings something new and useful to the table it will only serve to identify Apple sheep to the rest of us.
I'm not a "shorty" but I will find a great deal of pleasure when Apple drops under $100 after Icahn and other "smart money" exits the stock and you and other Apple cheer leaders are caught with your skirts down.
Right, and it will look like a big white ball and it will fly too. Let's get real here. If anyone can re-invent personal transportation, it will be Apple. However, it will not be for everyone and it will certainly not change the world which is dire need of fewer Apple gadgets and more social justice.
So says Icahn who owns how many shares right now? EPS and P/E means nothing anymore... unless you can use it to justify a ludicrous valuation and sucker more people into buying a stock while you're quietly exiting it... Got that?
Current valuation is a function of future expectations and not just past performance. The fact is that right now 70% of future revenue is riding on continuous success of the iPhone. Hardly a rational support for what some think is a trillion dollar company. In other words, calm down.